The post Why Are Chainlink Whales Adding This Popular $0.14 Altcoin Instead of Cardano (ADA) in January? appeared on BitcoinEthereumNews.com.

Disclaimer: The information presented in this article is part of a sponsored/press release/paid content, intended solely for promotional purposes. Readers are advised to exercise caution and conduct their own research before taking any action related to the content on this page or the company. Coin Edition is not responsible for any losses or damages incurred as a result of or in connection with the utilization of content, products, or services mentioned. Cardano (ADA) has been a long-time favorite among crypto investors, but its recent price consolidation around $1.05 suggests a pause in its upward trajectory. Meanwhile, Chainlink (LINK) whales have been making headlines, not for accumulating more LINK or ADA, but for targeting a rising star in the altcoin market: DTX Token, priced at just $0.14. This shift highlights a growing preference among investors for utility-driven projects that combine innovation with real-world applications. As DTX Exchange gains momentum with its groundbreaking 200,000 TPS milestone and presale success, could this hybrid altcoin outshine ADA in 2025? Cardano Price Breaks $1 but Faces Challenges Above $1.70 Cardano (ADA) has experienced consistent upward momentum in January 2025, recently crossing the psychological $1.00 resistance to reach $1.04. This gradual climb reflects a broader market recovery, supported by Bitcoin’s rise above $97,000, which has boosted sentiment across altcoins. Source: Tradingview Analysts point to a bullish pennant pattern forming on ADA’s daily chart, suggesting the potential for a breakout above $1.70. If the pattern materializes, ADA could target $1.74, representing a substantial gain from its current levels. Additionally, whale activity on the Cardano network has spiked, with transactions exceeding $100,000, indicating heightened interest among large holders. However, ADA’s future growth may depend on its ability to maintain momentum and surpass key resistance levels. While its ecosystem continues to grow, the slower rollout of new features and applications…

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Filed under: News - @ January 17, 2025 8:19 am